GAQM ISO-31000-CLA Exam Dumps – PDF Questions and Testing Engine [Q39-Q56]

Q39. Which of the following are Critical Elements of a Risk Management Framework? (choose four)

Q40. Understanding the potential causes of risk events will primarily help an organisation to

Q41. Risk management theory that considers an organization-wide approach to risk management is known as what type of approach?

Q42. Uncertainties may involve: (Choose two)

Q43. Risk management is tailored.

Q44. __________ means doing something according to a plan or method.

Q45. A train has crashed and is badly damaged. There have been numerous claims from injured passengers as well as a loss of revenue for the train operator. This is an example of

Q46. An international bank has identified the risks associated with economic changes in the countries in which it operates. Which of the following correctly describes these risks?

Q47. Which of the following step is a critical part of risk assurance?

Q48. As part of the ISO 31000 risk management process, ‘monitoring and review’ is best thought of as which of the following?

Q49. Using the FIRM scorecard which of the following risks could a risk manager quantify?
1. Loss of income.
2. Financial gain.
3. Reputational damage.

Q50. The Chief Risk Officer chairs the ERM/RM steering committee.

Q51. Inclusiveness is another critical attribute of good risk management.

Q52. Uncertainty leads to a changing context

Q53. Hopkin states “most standard definitions of risk refer to risks being attached to corporate objectives”. What is another important factor to consider when linking risk to an organisation?

Q54. Which management ensures that value is created by identifying opportunities for investment, mergers, or acquisition.

Q55. How many types of potential risk strategies exist?

Q56. Which ISO Standard is used for hazard identification and risk assessment?